ECB’s Nagel: It is too early to talk about rate cuts

Dhwani Mehta FXStreet

European Central Bank (ECB) policymaker and Bundesbank Chief Joachim Nagel said on Thursday, “it is too early to talk about rate cuts. “

Additional comments

Rates must stay high to bring inflation back to target.

Still cannot be sure if we have reached a peak in rates.

The goal is in sight in terms of inflation, but not yet reached.

Inflation could still tick up in the coming months.

Does not see a hard landing for Eurozone economy.

Market reaction

At the time of writing, EUR/USD is trading 0.22% higher on the day at 1.0910.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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